Proceedings of the 2024 International Conference on Artificial Intelligence and Digital Management (ICAIDM 2024)

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The Effect of Fintech on the Upgrading of Industrial Structure

Authors
Aishan Ye1, 2, Xiaohua Li2, *, Yangyang Deng2
1Faculty of Humanities and Social Sciences, Macao Polytechnic University, Macao, 999078, China
2College of Yonyou Digital & Intelligence, Nantong Institute of Technology, Nantong, 226002, China
*Corresponding author. Email: 1484043391@qq.com
Corresponding Author
Xiaohua Li
Available Online 1 December 2024.
DOI
10.2991/978-94-6463-578-2_6How to use a DOI?
Keywords
fintech; industrial structure upgrading; panel threshold regression model
Abstract

It aims to explore the effect of FinTech development on industrial structure upgrading. With the help of Färe-Primont index method, the fintech development index of 30 provinces in China is measured from 2013 to 2022, and the fintech development index is introduced into the panel threshold regression model of industrial structure upgrading for empirical analysis. It is found that China’s FinTech development index as a whole shows a fluctuating upward trend, but the difference between provinces is obvious. Fintech development has a significant positive effect on China’s industrial structure upgrading, but there is a certain threshold effect. The results of the control variables show that the level of infrastructure and technological progress are important factors in promoting the upgrading of industrial structure, but the positive effects of variables such as urbanization and foreign direct investment are not significant. Accordingly, targeted suggestions are put forward from the dimensions of differentiated implementation of fintech development strategy, constructing a benign interaction mechanism between the two, and establishing fintech service institutions.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 International Conference on Artificial Intelligence and Digital Management (ICAIDM 2024)
Series
Advances in Intelligent Systems Research
Publication Date
1 December 2024
ISBN
978-94-6463-578-2
ISSN
1951-6851
DOI
10.2991/978-94-6463-578-2_6How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Aishan Ye
AU  - Xiaohua Li
AU  - Yangyang Deng
PY  - 2024
DA  - 2024/12/01
TI  - The Effect of Fintech on the Upgrading of Industrial Structure
BT  - Proceedings of the 2024 International Conference on Artificial Intelligence and Digital Management (ICAIDM 2024)
PB  - Atlantis Press
SP  - 33
EP  - 42
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-578-2_6
DO  - 10.2991/978-94-6463-578-2_6
ID  - Ye2024
ER  -